Shopify warns of full-year losses after job cuts

Shopify posted a quarterly loss and warned it would post losses in the rest of the year as e-commerce growth slows, a day after the company announced it would cut 10% of its employees.

Despite the outlook, shares of the Canadian company rose almost 6% in early trading on Wednesday. The stock fell 14% on Tuesday after The Wall Street Journal reported on the layoffs, and shares are down about 80% from their November peak.


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